Answer:
1. <u>Calculation of Inventory Turnover Ratio
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Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
When Average inventory= Opening Inventory+ Ending Inventory / 2 = (1,542,553 + $1,735,455)/2 = $1,639,004.
Inventory Turnover ratio = $7,250,000 / $1,639,004
Inventory Turnover ratio = 4.42 times
2 If the price of wire is increasing, its good opportunity for the company to take advantage with proper planning. The company has to increase the purchase of the stock to take this advantage however it should also be noted about the opportunity cost as more money now will be invested in the stock. If the increase in Price is minimal then there is no need to increase the purchase of the stock
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Answer:
The agreement is offering an implied interest rate of 10.16%.
Explanation:
Matthew borrowed $2,587.09 from his friend, but he will return $2,850, as 950 x 3 = 2,850.
Therefore, there is an excedent of $262.91, which constitutes an implied interest on the payment of the loan.
As 2,587.09 is the 100% of the loan, we have to know the percent that 262.91 represents in order to know the interest rate. We can know it by using a crossed multiplication:
2,587.09 = 100
262.91 = X
(262.91 x 100) / 2,587.09 = X
26,291 / 2,587.09 = X
10.16 = X
Therefore, the implied interest rate in this loan is of 10.16%.
Answer:
$344,000
Explanation:
Assets can be calculated by applying the accounting equations. In the accounting equations
Assets = Liabilities + Equity
In this case, liabilities are $117,000 and Equity is $227,000.
Therefore,
Assets = $117,000 + $227,000
Assets = $344,000
Explanation:
We would take your architectural plans or basic 3D model and turn it into a photorealistic visual
The correct answer is that corporations have an easier time in earning money for development and expansion of the business.
Since a corporation is considered to be a large company and a fast growing business, it does not need to problem in expanding the business itself, since the continuous flow of money through the corporation is fast and easy, which is why this an advantage that corporations hold against partnerships and sole proprietorship.
